Property Overview: 164 Riverbend Crescent, Bruce Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947 on a generous 5,369 sqft lot in Winnipeg's Bruce Park neighbourhood. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its land size, which is significantly larger than most on its street, offering ample outdoor space and potential in a mature area. However, with a living area of 830 sqft, the interior is notably smaller than typical area homes, suggesting a cozy, efficient layout.
This property would suit a specific buyer: first-time homeowners or downsizers seeking a lower-maintenance footprint with a sizable yard for gardening or pets, or an investor looking for a character home with land value in a well-established neighbourhood. Its below-average assessed and recent sale value indicates an accessible entry point. A thoughtful perspective is that while the house itself is modest, the lot represents a relative rarity on the street—offering a blank canvas for future expansion, a garden oasis, or simply the value of space that can't be replicated in newer subdivisions.
Frequently Asked Questions
1. Is the house too small for practical living?
At 830 sqft, the living space is compact. It would suit individuals, couples, or those comfortable with efficient, minimalist living. The renovated basement is a crucial feature, likely providing essential additional functional space.
2. Why is the lot size highlighted as an advantage?
In Bruce Park, and especially on this street, lots over 5,000 sqft are less common. This provides disproportionate outdoor space compared to neighbours, which could be used for recreation, storage, or future projects.
3. What does "below average" for living area mean in context?
While the home's interior is smaller than 90% of comparable homes in the wider city, this is reflected in its accessible price point. You are trading interior square footage for land and location.
4. The home is 79 years old. What should I consider?
While the basement has been renovated, a home of this age will have older core components (like plumbing, electrical, and the roof). A thorough inspection is essential to understand any needed updates or maintenance.
5. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The home last sold in 2020 for $26.5k, which was below average at the time. The current assessed value of $32.6k suggests a modest increase, but market conditions will ultimately determine the sale price.